Nanotech, Inc., has a bond issue maturing in seven years that is paying a coupon rate...

Nanotech, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 8.46 percent (semiannual payments). Management wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 10.82 percent, how much will Nanotech pay to buy back its current outstanding bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)

Nanotech will pay $......

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jeff jeffy answered 8 months ago

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